NAFTA trade up 14.9% in October

Surface transport-related trade between the United States and its North American Free Trade Agreement partners Canada and Mexico was up 14.9 percent in October, compared to the same monthly period in 2009, reaching $70.6 billion, according to the U.S. Transportation Department’s Bureau of Transportation Statistics on Thursday. However, the value of trade for the month remained 2.9 percent below the October 2008 level, the agency said. BTS considers truck, rail and pipeline as part of its surface transportation calculations. In October, 86.1 percent of U.S. trade by value with Canada and Mexico moved on land.